Has The Bear Market In Oil Finally Ended?

Following the 17-month bear market that ended in March 2009, one of the longest-running bull markets in U.S. history began. The current bull market is the second longest streak on record without a 20% drop in the S&P 500. But the performance across the S&P 500 sectors has been uneven. When oil prices collapsed in the second half of 2014, the energy markets entered a bear market even as the broader markets continued to prosper. Although the energy sector rebounded in 2016, the fundamental reasons that led to the energy bear market hadn’t…